An increase of 25% for electricity and 25-30% for gas against September 2021 would lead to values to +50 – 60% against last year, states Claudiu Cazacu, consulting strategist with XTB, brokerage house listed with Warsaw Stock Exchange. In Europe, the quotations of the gas and electricity have registered record values, day in day out. Similarly, such an acceleration of the prices is unprecedented in history. The environment does not look at all like the previous one, and things change in a rapid rhythm. Every day the balance of the market may change, he says. ‘What is in store for the consumers of Romania? As there is no capping of prices, very painful growth of the cost of utilities, not good news in the conditions where inflation, announced as 6.29% surpasses the official estimates at the beginning of the year and could continue. Spain and other states together with Romania require a joint approach at European level as regards the purchase of natural gas and a mechanism of compensation – in the present situation capping interventions would be accepted by the European authorities only through waiver. Subscriptions and compensations already accepted (0.21 lei/kWh for energy and 25% of a key price of125 lei/MWh for natural gas) have an estimated impact of 1.3 billion lei, and can cover only partly the increase of the bills for this winter, if the basic prices for electricity and gas do not come back close to the levels of last year’ he adds. A medium scenario which takes into consideration a moderate slowdown following the surpassing of the present disparities, balancing of the offer/request ( a severe way of doing it would be through the reduction of consumption, of industrial activity or rationing) and increased offer from the producing states would induce bills higher by two figures during the winter months. The inflation data show, in September, growth of 24.65% for electricity and 20.55% for gas.
Hungarian filmmaker Béla Tarr (in opening photo) is one of the guests of this year’s Transilvania International Film Festival (TIFF), which is currently taking place in Cluj-Napoca. He will receive a Lifetime Achievement Award at the TIFF Awards Gala. Until then, audiences will have the chance to meet him at the cinema and attend a […]
With a continued commitment to innovation, sustainability, and affordability, Auchan Romania has received three major distinctions at the “Voted Product of the Year 2025” competition – the most prestigious recognition platform for innovation and performance among products, brands, and retail networks in Romania. In addition to being named Retailer of the Year in the Hypermarket […]
Roughly 72% of Romanians believe that their own actions have the greatest impact in building a sustainable future. At the same time, they acknowledge the essential role of companies (68%) and governments (66%) in achieving sustainability goals, according to the fourth annual edition of the National Barometer on Romanians' perceptions and behaviors related to sustainability […]
Contakt, a Romanian mobile accessories retailer operating a nationwide network of 245 stores, has announced plans to list on the AeRO market of the Bucharest Stock Exchange this fall. Roughly 10% of the company’s share capital will be made available to investors during the IPO, with a gradual increase in free float to 30-40% forthcoming. […]
Wizz Air will reopen its base in Suceava, in northeastern Romania, where it will allocate two Airbus A321neo aircraft. With these, the airline will operate a total of 43 aircraft during the winter season in Romania. Wizz Air will also introduce eight routes from Suceava starting in December. Passengers will be able to fly from […]
A new legislative proposal is currently being developed regarding end-of-life care, according to doctor Cătălina Poiană, president of the Romanian College of Physicians. It would be a first for the Romanian medical system. Dr. Poiană specified that the document has been worked on by representatives of the Romanian Society of Anaesthesia and Intensive Care (SRATI), […]
